Pelosi Statement on President Obama’s Energy Initiatives

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on President Obama’s “all-of-the-above” energy initiative to spur the deployment of clean, advanced vehicles in our communities; increase and expand the advanced vehicle tax credit to cover a broader range of new technologies; accelerate the development of alternative-fuel trucks; and invest in research to make electric vehicles affordable and convenient for American consumers:

“The President’s initiative is a bold step forward for clean energy and our economic growth. With Americans facing skyrocketing prices at the pump, Big Oil raking in record profits, and rampant Wall Street speculation driving costs higher each day, we must take an ‘all-of-the-above’ approach to invest in American energy and create American jobs.

“By challenging communities to put more advanced vehicles on the road, we can create good-paying jobs here at home and reduce our reliance on oil from abroad. By expanding tax credits for cleaner cars, we can put more money in the pockets of our families and spur a growing industry. By supporting new research, we can put more affordable and convenient electric vehicles on our streets.

“It is a source of pride to all San Franciscans that our city has taken the lead in building the infrastructure needed to support a new generation of advanced cars and trucks. Now, it’s time to make this a national commitment. Democrats will work with the President to advance this promise, bring down gas prices, put people to work, and strengthen our economy.”